| Biglari Hldgs Inc(BH) | CS | 08986R309 | $5.9M | 32,446 | 51.1% |
| Cisco SYS Inc COM(CSCO) | CS | 17275R102 | $4.3M | 88,975 | 37.6% |
| BIO RAD Labs Inc CL A(BIO) | CS | 090572207 | $1.0M | 3,349 | 9.1% |
| Protective INS Corp CL B(PTVCB) | CS | 74368L203 | $23.2K | 1,010,194 | 0.2% |
| Berkshire Hathaway Class B(BRK/B) | CS | 084670702 | $22.8K | 106,337 | 0.2% |
| NET 1 Ueps Technologies Inc Co(LSAK) | CS | 64107N206 | $16.6K | 2,075,637 | 0.1% |
| Amdocs LTD SHS(DOX) | CS | G02602103 | $16.0K | 242,112 | 0.1% |
| Jefferies Finl Group Inc COM(JEF) | CS | 47233W109 | $15.0K | 683,925 | 0.1% |
| Amerisourcebergen Corp COM(COR) | CS | 03073E105 | $14.9K | 161,660 | 0.1% |
| Oaktree Cap Group LLC Unit CL | CS | 674001201 | $14.3K | 346,236 | 0.1% |
| Western UN Co COM(WU) | CS | 959802109 | $14.1K | 738,177 | 0.1% |
| Teradata Corp del COM(TDC) | CS | 88076W103 | $11.5K | 305,054 | 0.1% |
| Hallmark Finl Svcs Inc EC C | CS | 40624Q203 | $11.0K | 1,001,512 | 0.1% |
| Patterson UTI Energy Inc COM(PTEN) | CS | 703481101 | $9.9K | 576,460 | 0.1% |
| FRP Hldgs Inc COM(FRPH) | CS | 30292L107 | $9.6K | 154,868 | 0.1% |
| Western Digital Corp COM(WDC) | CS | 958102105 | $8.2K | 140,918 | 0.1% |
| Bank New York Mellon Corp COM(BK) | CS | 064058100 | $7.6K | 148,671 | 0.1% |
| Cheesecake Factory Inc COM(CAKE) | CS | 163072101 | $7.1K | 132,925 | 0.1% |
| Discovery Inc COM SER C(DISCKUSD) | CS | 25470F302 | $6.6K | 222,206 | 0.1% |
| Consolidated Tomoka LD Co COM(CTOUSD) | CS | 210226106 | $5.8K | 93,482 | 0.1% |
| Ishares Gold Trust Ishares(IAUUSD) | CS | 464285105 | $4.3K | 372,635 | 0.0% |
| Greenhill & Co Inc COM | CS | 395259104 | $4.0K | 152,744 | 0.0% |
| Apple Inc COM(AAPL) | CS | 037833100 | $3.9K | 17,053 | 0.0% |
| Laboratory Corp Amer Hldgs COM | CS | 50540R409 | $2.7K | 15,606 | 0.0% |
| Crawford & Company(CRD/A) | CS | 224633206 | $2.5K | 273,455 | 0.0% |
| Consolidated Tomoka LD Co | CV | 210226AB2 | $2.2K | $2,125,000 | 0.0% |
| Biglari Hldgs Inc(BH/A) | CS | 08986R408 | $2.2K | 2,374 | 0.0% |
| Dollar GEN Corp New COM(DG) | CS | 256677105 | $1.6K | 14,315 | 0.0% |
| Donnelley Finl Solutions Inc C(DFIN) | CS | 25787G100 | $1.5K | 86,100 | 0.0% |
| Northern TR Corp COM(NTRS) | CS | 665859104 | $1.2K | 11,465 | 0.0% |
| Madison Square Garden Co New C(MSGS) | CS | 55825T103 | $1.0K | 3,220 | 0.0% |
| Omnicom Group Inc COM(OMC) | CS | 681919106 | $926 | 13,620 | 0.0% |
| Tetra Tech Inc New COM(TTEK) | CS | 88162G103 | $670 | 9,815 | 0.0% |
| Dollar Tree Inc COM(DLTR) | CS | 256746108 | $668 | 8,195 | 0.0% |
| Molson Coors Brewing Co CL B(TAP) | CS | 60871R209 | $660 | 10,730 | 0.0% |
| BIG Lots Inc COM(BIGGQ) | CS | 089302103 | $642 | 15,360 | 0.0% |
| Verizon Communications Inc COM(VZ) | CS | 92343V104 | $590 | 11,060 | 0.0% |
| Syntel Inc COM | CS | 87162H103 | $583 | 14,225 | 0.0% |
| Cubic Corp COM(CUBUSD) | CS | 229669106 | $569 | 7,793 | 0.0% |
| Ezcorp Inc | CV | 302301AB2 | $522 | $528,000 | 0.0% |
| Telephone & Data SYS Inc COM N(TDS) | CS | 879433829 | $518 | 17,034 | 0.0% |
| Kroger Co COM(KR) | CS | 501044101 | $513 | 17,630 | 0.0% |
| Ishares Silver Trust Ishares(SLV) | CS | 46428Q109 | $339 | 24,665 | 0.0% |
| Tapestry Inc COM(TPR) | CS | 876030107 | $313 | 6,235 | 0.0% |
| Alamos Gold Inc New COM CL A(AGI) | CS | 011532108 | $292 | 63,380 | 0.0% |
| Crawford & Co CL B(CRD/B) | CS | 224633107 | $269 | 29,175 | 0.0% |